Page 17 of the santos released annoucement this morning highlights inner NT as being core asset??
Page 51, santos states that the Amadeus basis is set for growth Exploration Strategy with aim to unlock
next core gas asset for longer term growth. Mt Kitty and magee are specifically mention on pg 55 and 57
So, it would seem that thunder brds are go for the Amadeus basis. Some good news at least
Amadeus
Mt Kitty-1
+ Basin scale running room in multiple plays + Frontier sub-salt province has proof of concept and offers multi-TCF potential + Evacuate through Moomba hub
Proven sub-salt petroleum system (gas flows from two tests at Mt Kitty and Magee)
+ Helium gas component offers value enhancement + Significant structures identified (up to 400 km2) with multi-tcf potential
+ 2016-17 2D seismic survey planned to delineate central high lead and mature to drill-readyEP
I further read between the lines that Central may be implicated sooner than anticipated and required to get its act into gear and start contributing to the JV efforts.
Great overall developments in the gas sector especially now that a recovery is well under way. There may be a scramble to secure Coys o the cheep and may entice others to look at this penny dreadful
CTP Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
